Sphere Cash Flow Statement

Financials in millions KRW. Fiscal year is January - December.

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	-3,672	-17,001	-11,264	-3,349
Depreciation & Amortization	1,501	1,105	1,363	1,143
Loss (Gain) From Sale of Assets	231.69	198.71	-13.51	-8.13
Asset Writedown & Restructuring Costs	2,460	1,312	-	-
Loss (Gain) From Sale of Investments	-417.17	181.49	423.99	-1.87
Stock-Based Compensation	-	-	4.14	34.72
Provision & Write-off of Bad Debts	-57.97	-57.43	57.67	-0.89
Other Operating Activities	-19,521	7,516	1,573	-2,651
Change in Accounts Receivable	11,766	1,062	-806.02	-450.77
Change in Inventory	-16,298	-1,419	-176.04	-15.88
Change in Accounts Payable	-3,660	530.18	-23.35	-3.08
Change in Unearned Revenue	8.03	8.03	-14.55	7.47
Change in Other Net Operating Assets	-1,470	777.9	-1,398	175.01
Operating Cash Flow	-29,142	-5,786	-10,274	-5,120
Capital Expenditures	-3,346	-520.36	-282.18	-182.33
Sale of Property, Plant & Equipment	307.14	307.14	62.33	114.73
Cash Acquisitions	8,719	-	-4,750	-
Sale (Purchase) of Intangibles	-18.62	-16.9	-28.58	-11.46
Investment in Securities	973.61	-3,753	11,402	-10,996
Other Investing Activities	891.19	793.33	220.82	136.19
Investing Cash Flow	11,536	-3,690	6,724	-10,939
Short-Term Debt Issued	-	2,310	-	-
Long-Term Debt Issued	-	14,892	-	-
Total Debt Issued	30,814	17,202	-	-
Short-Term Debt Repaid	-	-100	-	-100
Long-Term Debt Repaid	-	-6,243	-9,384	-907.68
Total Debt Repaid	-7,388	-6,343	-9,384	-1,008
Net Debt Issued (Repaid)	23,426	10,859	-9,384	-1,008
Issuance of Common Stock	12,730	12,627	10,713	499.41
Other Financing Activities	-0	-0	-	-
Financing Cash Flow	36,101	23,487	1,329	-508.26
Foreign Exchange Rate Adjustments	106.07	-0.52	-0.02	-
Miscellaneous Cash Flow Adjustments	-15.28	-15.28	-	-0
Net Cash Flow	18,586	13,994	-2,222	-16,567
Free Cash Flow	-32,488	-6,307	-10,557	-5,302
Free Cash Flow Margin	-	-246.57%	-639.22%	-188.09%
Free Cash Flow Per Share	-1056.98	-360.45	-1005.76	-520.18
Cash Interest Paid	570.19	102.17	15.93	6.89
Cash Income Tax Paid	3,596	-70.06	70.41	8.59
Levered Free Cash Flow	-80,682	-7,916	-11,994	-
Unlevered Free Cash Flow	-78,661	-7,588	-10,951	-
Change in Working Capital	-9,655	959.76	-2,418	-287.24

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.